Gallantt Ispat Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2025, recommended Final Dividend of 1.25 per equity share.
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The Board of Directors of Gallantt Ispat Limited, at its meeting held on May 21, 2025, recommended a final dividend of Rs. 1.25 per equity share (12.5% on face value of Rs. 10) for the financial year ended March 31, 2025. The dividend is subject to shareholder approval at the upcoming Annual General Meeting and will be paid within 30 days of its declaration. A notable highlight is that about 68.93% of Promoter and Promoter Group shareholders have voluntarily waived their right to receive this dividend, with only 5.90% of the promoter group opting to receive it, to retain funds for the company's ongoing expansion plans. The record date for the dividend will be fixed and communicated later.
The Rs. 1.25 final dividend offers a modest cash return to non-promoter shareholders, while the large-scale promoter waiver signals strong reinvestment into business expansion rather than cash distribution, which may be viewed positively by investors focused on long-term growth.